Part 5Debt management and relief
Chapter 4Debt management schemes
Termination of approval
125Procedure for termination
1
Regulations may specify a procedure for terminating the approval of a debt management scheme.
2
Regulations under this section may, in particular, specify a procedure that requires any or all of the following—
a
notice of, or the reasons for, an intended termination to be given (whether to the supervising authority, the scheme operator, the Lord Chancellor or any other person);
b
conditions to be met before a termination takes effect;
c
a particular period of time to elapse before a termination takes effect.